On EU we see a clear level of support on the Weekly TF for about 11 weeks. On the H4 we saw a clear break of structure and complete 110% retracement. Many would have probably thought a break of structure to the downside again but no. On the daily it just showed a tested candle. Beautiful. Let's continue the bulls. I see price heading to make a new HH around 1.163-1.173 region and that is where my TP is, a total of 300-400 Pip Move, up 110 Pips currently.
Trade active
Lets see if this is the retracement we need.
We will be looking for price to go in that green box. From 38.2 to 61.8.
Then we will be looking for a Bullish engulfing candle on the M30
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.